Wealth redistribution refers to the process of reallocating resources and wealth from wealthier individuals or groups to those who are less affluent. This can occur through various means, such as taxation, social welfare programs, or government policies aimed at reducing economic inequality. The goal is to create a more equitable society where everyone has access to basic needs and opportunities. This concept is often discussed in relation to economic systems like capitalism and socialism. Proponents argue that wealth redistribution can help alleviate poverty and improve social welfare, while critics may contend that it can discourage hard work and innovation. Ultimately, the effectiveness of wealth redistribution depends on how it is implemented and the specific context of a society.